XRG, Eni acquire YPF Vaca Muerta stake
Analysis based on 8 articles · First reported Mar 09, 2018 · Last updated Jun 30, 2026
The market is positively impacted by the increased investment in the global LNG supply, particularly from the Argentina — Vaca Muerta basin in Argentina. This joint venture involving XRG, YPFB, and Eni is expected to enhance energy security and provide a long-term source of LNG for international markets.
XRG and Eni have each signed agreements with YPFB to acquire a 32% interest in three upstream blocks in Argentina's Argentina — Vaca Muerta basin, with YPFB retaining 36%. These blocks are crucial for the integrated 12 million tonnes per annum (MTPA) Argentina Liquified Natural Gas (LNG) project. This investment supports XRG's strategy to build a resilient global gas and LNG platform and expands its global portfolio. For Eni, it strengthens its ability to develop world-scale gas resources. YPFB benefits by strengthening the project's value chain and advancing its development on a global scale. The transaction is subject to regulatory approvals and aims to connect Argentina — Vaca Muerta's gas resources with global markets, contributing to global energy security.
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